Hich of the following defines marginal cost? Select one:
a. It is the cost incurred in making an economic exchange.
b. It is the cost that is independent of the level of goods or services produced by the business.
c. It is the cost that has already been incurred and cannot be recovered.
d. It is the cost of an alternative that must be forgone in order to pursue a certain action.
e. It is the cost of producing an additional unit of output.
+4
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Hich of the following defines marginal cost? Select one: a. It is the cost incurred in making an economic exchange. b. It is the cost that ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Home » Business » Hich of the following defines marginal cost? Select one: a. It is the cost incurred in making an economic exchange. b. It is the cost that is independent of the level of goods or services produced by the business. c.